Cointime

Download App
iOS & Android

ANZ: Expect the Reserve Bank of New Zealand to cut interest rates by 50 basis points next week

ANZ Bank stated that we expect the Reserve Bank of New Zealand to cut interest rates by 50 basis points to 4.25% next week. This will be consistent with the Reserve Bank of New Zealand's information in October, economists' forecasts, and market pricing. Data since the monetary policy assessment in October has been mixed, but it appears that no data is likely to disrupt the plan. After this meeting, decisions will be made based on the data, but our basic expectation is that the Reserve Bank of New Zealand will lower the pace of easing to the standard rate cut of 25 basis points, as the official cash rate (OCR) is closer to neutral, with rates reaching a low of 3.5% in May next year.

Comments

All Comments

Recommended for you

  • Iranian Parliament Official: Iran Decides to Continue Negotiations with the U.S.

    On April 20, Al Jazeera reported that Ibrahim Azizi, chairman of the Iranian Parliament's National Security and Foreign Policy Committee, stated that Iran has decided to continue negotiations with the United States. However, he emphasized that this 'does not mean negotiating at any cost' nor does it imply acceptance of 'any actions taken by the other party.' (Xinhua)
  • BTC Surpasses $75,000

    Market data shows that BTC has surpassed $75,000, currently priced at $75,005.44, with a 24-hour decline of 0.17%. The market is experiencing significant volatility, so please ensure proper risk management.
  • ETH Surpasses $2300

    Market data shows that ETH has surpassed $2300, currently priced at $2300.49, with a 24-hour decline of 0.54%. The market is experiencing significant volatility, so please ensure proper risk management.
  • Alibaba's HappyHorse to Open Testing on April 27

    Alibaba ATH announced that HappyHorse-1.0 will gradually open API testing through the Alibaba Cloud Bailian platform on April 27, with the first batch of invitees being enterprise-level clients. This 'dark horse' in the video generation field is about to unveil its mysteries. According to Alibaba ATH, the company has been deeply involved in AI video generation for many years, with the HappyHorse project led by the ATH Innovation Division, in collaboration with multiple teams including Alibaba Platform Technology, Tongyi Laboratory, and Taotian Technology. After the testing opens at the end of April, HappyHorse-1.0 is set for official commercial release in May. (Jinshi)
  • US Spot Ethereum ETF Sees Net Inflow of $276 Million Last Week

    On April 20, according to SoSoValue data, the US spot Ethereum ETF experienced a net inflow of $276 million last week.
  • US Spot Bitcoin ETF Sees $996 Million Net Inflow Last Week

    On April 20, according to SoSoValue data, the US spot Bitcoin ETF recorded a net inflow of $996 million last week.
  • Polymarket Seeks to Raise $400 Million at $15 Billion Valuation

    According to The Information, prediction market platform Polymarket is in talks with investors to raise $400 million at an estimated valuation of around $15 billion. This funding will be added to the $600 million round previously invested by the Intercontinental Exchange last month, which did not disclose its valuation at that time. Polymarket is looking to attract more strategic investors.
  • Trump Shares Article Claiming Victory in Iran War, Lists Eight Achievements

    On April 20, U.S. President Trump shared a commentary article by American political conservative Christopher Ruddy on social media, in which the author stated that Trump has decisively won the war. The article provided eight reasons for this 'victory': 1) Achieved the goal of preventing Iran from developing nuclear weapons and dismantling its nuclear program. 2) Undermined Iran's status as a regional military power. 3) Facilitated a de facto new Arab-Israeli alliance, as key Gulf nations recognize their future is closely tied to Washington and Jerusalem. 4) Weakened Iran's network of proxies that have disrupted the region for years. 5) Forced NATO members to reflect on strengthening NATO. 6) Diminished Russia's standing; although Moscow has temporarily benefited from sanctions relief and high oil prices, these are short-term gains. 7) Stabilizing the Gulf region and reopening energy flows will ultimately benefit global markets and the world economy. 8) The Iran conflict may make the U.S. stronger and better prepared for future wars.
  • BTC Falls Below $75,000

    Market data shows that BTC has fallen below $75,000, currently priced at $74,996.26, with a 24-hour decline of 2.66%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Falls Below $76,000

    Market data shows that BTC has fallen below $76,000, currently priced at $75,990.02, with a 24-hour increase of 0.9%. The market is highly volatile, so please ensure proper risk management.